Candlestick patterns...

FrankC · #1 (**permalink**) 22-02-2010, 12:46

Anyone using candlestick patterns to make a trade call...I am also looking for a MT4 indicator which detects patterns such as hammer, shooting star, etc.

Appreciate your input....

Egwig · #2 (**permalink**) 22-02-2010, 18:11

Quote:

Originally Posted by FrankC

Anyone using candlestick patterns to make a trade call...I am also looking for a MT4 indicator which detects patterns such as hammer, shooting star, etc.

Appreciate your input....

Have a look at the attached.

You may have to adjust the colors in the 'Inputs' tab so the texts show up in your charts

Egwig

mueen2419 · #3 (**permalink**) 24-04-2010, 15:41

ues i am using candles with successfully

Egwig · #4 (**permalink**) 25-04-2010, 12:04

Quote:

Originally Posted by mueen2419

ues i am using candles with successfully

Just as with any indicator they can be a help.

Just don't rely on any one indicator by itself.

Get confirmation from others and from trends in higher time frames.

Egwig